Epic Games Metaverse: Sony and Kirkbi (LEGO) to Invest $1 Billion Each
It’s safe to say that Epic Games has a strong network of allies. A new fundraising campaign has been launched by the American company in order to improve its presence in the metaverse industry. With the likes of Sony and Kirkbi (LEGO) on board, things will certainly speed up.
Epic Games isn’t Sony’s first venture in the company.
- The Japanese giant made an initial $250 million investment in July 2020, followed by another $200 million the next year.
- As the two firms have worked together on a variety of projects, this week’s reunion has taken on a whole new value.
Sony Tokyo Headquarters
Epic Games has also announced that it has raised another $1 billion from one more giant company.
- In addition to Sony, Kirkbi (which owns LEGO), has contributed an additional billion dollars to this deal. This mind-blowing sum will be used to fast-track progress on building the metaverse as they create it.
- With this in mind, their main objective is to make it possible for gamers and content creators alike to connect and enjoy immersive experiences together.
As such, it is vital to note that Epic Games’ organizational structure is unaffected by this financing; Tim Sweeney retains his position as CEO. Sweeney, who oversees both Fortnite and the Unreal Engine 5, views this fundraiser as a game-changer for gamers in the long run:
“As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership with Sony and KIRKBI.
Tim Sweeney, Founder and CEO of Epic Games (Image Courtesy of Travis Dove)
This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.”
What do you think of this massive investment from Sony and Lego? Feel free to share your thoughts in the comments below. For more content, stay with us, here at Spiel Times.
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SOURCE: Epic Games
JC Paredes
Since March 2021, I've worn two hats at Spiel Times: a writer and a Managing Editor. In my writing role, I've earned recognition from Wikipedia and Nev Schulman (Catfish TV Show host) for my insightful analysis and engaging narrative style. I'm passionate about all things gaming, with a keen eye for detail and a knack for uncovering hidden secrets within games. My gaming journey began at a young age, captivated by titles like Resident Evil and Tomb Raider. Today, I enjoy exploring open-world RPGs and MMORPGs, consumed by their lore and crafting theories about their narratives. I'm also drawn to the suspenseful atmosphere of horror games and the intricate narratives of crime-themed titles, bringing a unique perspective to my writing. Beyond gaming, I have a fascination with anything unexplained and chilling, a passion that often spills over into my exploration of horror games. When I'm not engrossed in a virtual world, you can find me curled up and spending time with my adorable doggy sidekick, Teemo. As Managing Editor, I'm committed to fostering a collaborative and supportive environment for our writing team. I communicate openly with my team members, addressing any content-related issues and providing guidance to help them excel.
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